Question: When a forecast is used to forecast future customer demand based on historical demand that is consistent or stable, we would use a: linear regression

  1. When a forecast is used to forecast future customer demand based on historical demand that is consistent or stable, we would use a:

    linear regression forecast

    Holt-Winter's forecast

    2nd order polynomial regression forecast

    moving average forecast

  1. For a given data set and using an exponential smoothing forecast, when the alpha value (i.e. smoothing constant) increases, the forecast becomes less responsive to recent data changes.

    True

    False

  2. For a given data set and using a moving average forecast, when the k value decreases or the number of data points in a moving average forecast decrease, the forecast becomes less responsive to recent data changes.

    True

    False

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